SG Americas Securities LLC Invests $126,000 in Runway Growth Finance Corp. (NASDAQ:RWAY)

SG Americas Securities LLC bought a new position in shares of Runway Growth Finance Corp. (NASDAQ:RWAY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,969 shares of the company’s stock, valued at approximately $126,000.

A number of other large investors have also modified their holdings of RWAY. JPMorgan Chase & Co. purchased a new stake in shares of Runway Growth Finance in the first quarter valued at about $12,670,000. Two Sigma Advisers LP grew its holdings in shares of Runway Growth Finance by 473.5% in the first quarter. Two Sigma Advisers LP now owns 127,900 shares of the company’s stock valued at $1,551,000 after purchasing an additional 105,600 shares during the period. Legal & General Group Plc grew its holdings in shares of Runway Growth Finance by 54.5% in the third quarter. Legal & General Group Plc now owns 297,126 shares of the company’s stock valued at $3,805,000 after purchasing an additional 104,821 shares during the period. Putnam Investments LLC grew its holdings in shares of Runway Growth Finance by 488.1% in the first quarter. Putnam Investments LLC now owns 110,313 shares of the company’s stock valued at $1,338,000 after purchasing an additional 91,557 shares during the period. Finally, Ares Management LLC grew its holdings in shares of Runway Growth Finance by 8.8% in the first quarter. Ares Management LLC now owns 949,550 shares of the company’s stock valued at $12,895,000 after purchasing an additional 76,409 shares during the period. Hedge funds and other institutional investors own 64.61% of the company’s stock.

Runway Growth Finance Stock Up 1.5 %

Shares of NASDAQ:RWAY opened at $12.58 on Thursday. The firm’s 50 day moving average price is $12.66 and its 200 day moving average price is $12.67. The stock has a market cap of $509.62 million, a price-to-earnings ratio of 11.44 and a beta of 0.69. Runway Growth Finance Corp. has a fifty-two week low of $10.47 and a fifty-two week high of $13.74. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.93.

Runway Growth Finance (NASDAQ:RWAY) last issued its earnings results on Thursday, March 7th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). Runway Growth Finance had a net margin of 27.00% and a return on equity of 13.85%. The firm had revenue of $39.23 million during the quarter, compared to analyst estimates of $40.26 million. During the same period last year, the business earned $0.45 EPS. As a group, equities research analysts predict that Runway Growth Finance Corp. will post 1.83 earnings per share for the current fiscal year.

Runway Growth Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were issued a dividend of $0.47 per share. The ex-dividend date was Friday, February 9th. This represents a $1.88 dividend on an annualized basis and a yield of 14.94%. Runway Growth Finance’s payout ratio is currently 145.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of Runway Growth Finance from $15.00 to $13.50 and set a “buy” rating for the company in a report on Monday, March 18th. Oppenheimer reaffirmed a “market perform” rating on shares of Runway Growth Finance in a research note on Friday, March 8th. TheStreet lowered shares of Runway Growth Finance from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. lowered shares of Runway Growth Finance from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $13.50 to $12.50 in a research note on Friday, March 8th. Finally, LADENBURG THALM/SH SH lowered shares of Runway Growth Finance from a “buy” rating to a “neutral” rating in a research note on Friday, March 8th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.04.

Insiders Place Their Bets

In other Runway Growth Finance news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the sale, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Runway Growth Finance news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the sale, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas B. Raterman bought 20,460 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $11.61 per share, for a total transaction of $237,540.60. Following the completion of the transaction, the insider now owns 179,965 shares of the company’s stock, valued at approximately $2,089,393.65. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

Runway Growth Finance Company Profile

Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors.